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dYdX Foundation: Since the initiation of the buyback program, a total of $1.87 million worth of DYDX tokens has been repurchased.

By: theblockbeats.news|2025/07/17 16:42:06

BlockBeats News, July 18, the dYdX Foundation tweeted that since launching the DYDX buyback program in March, they have repurchased 2.86 million DYDX tokens worth $1.87 million. The next round will repurchase 593,570 DYDX tokens, and 100% of the repurchased tokens will be used for staking.

Previously reported, on March 24, the dYdX team announced that they would buy back DYDX tokens from the open market using 25% of the monthly net fees from the dYdX protocol, further strengthening their long-term commitment to the ecosystem.

Bitcoin Breaks $119,000

Blockskye has completed a $15.8 million Series C funding round, with Blockchange leading the investment.